Clearing Up Some Pension Math

Say you invested $1000 in 2005 and earned these returns through 2015: Compounded Annual Gain = 6.7% Even though your portfolio suffered a material decline during the Great Recession, your compounded annual gain over that period would still be 6.7% and…

Time For CalPERS To Lead

According to a recent article, the California Public Employees’ Retirement System (CalPERS) is considering a meaningful reduction in the investment return it assumes when establishing pension contributions. Future generations should hope CalPERS’s board makes the change. Public employee pension costs…